Mesa, AZ 85201,840 W UNIVERSITY Drive
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Mesa, AZ 85201,840 W UNIVERSITY Drive
Mesa, AZ 85201,840 W UNIVERSITY Drive
Mesa, AZ 85201,840 W UNIVERSITY Drive
Mesa, AZ 85201,840 W UNIVERSITY Drive

$1,150,000

Est. payment /mo

$1,195,000

3.8%
Est.Price: ?

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840 W UNIVERSITY Drive Mesa, AZ 85201

0.52 Acres Lot

SOLD DATE : 04/29/2025

Key Details

Sold Price $1,150,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Clement Place

MLS Listing ID 6834216

Sold Date 04/29/25

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1973

Annual Tax Amount $8,097

Tax Year 2024

Lot Size 0.522 Acres

Acres 0.52

Property Description

Exceptional investment opportunity in the heart of a thriving business district across the street from a huge strip mall with many restaurants and services. This is a remarkable commercial strip mall for for the savvy investor as offices (what they are now)- or to use as a value add project and make apartments. Strategically located with immense potential and already has lucrative returns as office space. - Could also be a prime retail destination as well as apartment living. 11 Units (1-2story large chiropractic office rented) 2- single level offices with a total of 9 bathrooms (2-exterior accessed bathrooms)1 of the units is rented for 1500/mo, and the large 2 story chiropractic office is rented for 3500/mo. The property was in a long eviction court proceeding from previous owner and

Location

State AZ

County Maricopa

Community Clement Place

Zoning M-H

Direction East on University to property on corner lot of N Extension/University

Interior

Heating Electric

Cooling Central Air

Flooring Concrete

Exterior

Parking Features Private

Fence None

Roof Type Foam,Rolled/Hot Mop

Total Parking Spaces 27

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 135-27-011-B

Financing Carryback

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Arizona Regional MLS (ARMLS)
Listed by Raymond E Whitby
Bought with Arizona Platinum Properties LLC
agent

Andy Schreck

Broker Associate | License ID: BR513347000

+1(623) 694-1122

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